Spotify Technology S.A. - ADR Key Ratios
$583.66
As on 22-Oct-2026 16:26EDT
Market cap
$109,054 Mln
Revenue (TTM)
$18,113 Mln
P/E Ratio
30.5
P/B Ratio
10.9
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 5.38 | 13.93 | 9.03 | 13.40 | 16.01 |
| EBIT | -22.88 | 1,200.00 | 170.47 | 84.59 | 130.54 |
| Net Profit | -24.41 | 733.72 | 314.27 | 76.17 | 76.18 |
| EPS | -24.26 | 723.31 | 309.57 | 73.05 | 72.84 |
| Book Value | -- | -- | 48.28 | 46.68 | 21.55 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 6.13 | 3.71 | 19.52 | 13.12 | 8.79 |
| Net Margin
| -- | -- | 18.43 | -- | -- |
| Return on equity
| 12.87 | 3.64 | 39.95 | 31.93 | 28.28 |
| Return on Capital
| 10.39 | 4.37 | -- | 24.73 | 19.26 |
| Return on Assets
| 6.97 | 2.92 | 17.37 | 16.37 | 11.18 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.23 | 0.38 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
24.73
|
19.26
|
-12.81
|
-8.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
39.95
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
39.95
|
31.93
|
28.28
|
-21.61
|
-19.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
17.37
--
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
17.37
|
16.37
|
11.18
|
-6.66
|
-5.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
19.52
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
19.52
|
13.12
|
8.79
|
-3.53
|
-2.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
18.43
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
18.43
|
12.87
|
7.26
|
-4.02
|
-3.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.03
--
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
9.03
|
0.10
|
0.18
|
0.13
|
0.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
170.47
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
170.47
|
63.76
|
394.86
|
-41.95
|
-213.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
314.27
--
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
314.27
|
94.38
|
313.91
|
-23.72
|
-1,164.71
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EPS Growth
309.57
--
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
309.57
|
0.91
|
3.01
|
-0.22
|
-11.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Book Value Growth
24.45
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
24.45
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
0.23
|
0.38
|
0.67
|
0.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.01
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
0.01
|
0.18
|
0.01
|
1.10
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.11
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
2.11
|
1.72
|
1.88
|
1.29
|
1.24
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
2.11
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
2.11
|
--
|
--
|
1.35
|
1.20
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
117.83
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
117.83
|
72.74
|
38.25
|
-12.29
|
-8.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
4.81
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
4.81
|
5.34
|
5.10
|
6.63
|
5.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.94
--
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
0.94
|
1.27
|
1.54
|
1.66
|
1.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
18.25
|
19.54
|
21.69
|
20.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
--
|
-9.21
|
-2.89
|
4.98
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
26.81
|
26.60
|
23.18
|
28.66
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Spotify Technology S.A. - ADR
|
--
|
--
|
-16.27
|
-4.38
|
-3.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|